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14166 El Toro Road Frisco, TX 75035

4 Beds 4 Baths 3,282 sqft Built 2015

$459,900

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $140.13
  • 7 Days on Market
  • MLS # : 14468378
  • Updated Date : 11/12/2020 at 18:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,282 sqft
  • Baths : 3 full , 1 half
Listing Agent

Apollo Realty

Listing Agent's Description

Meticulously updated home on corner lot with great view! Master suite features his & her closets, frameless glass shower door in master bath. Stunning former dining room and foyer, game room, office, study, media room, fireplace, covered front porch and patio, butler cabinets, pantry, extra storage under the staircase, high ceiling family room plus designer lighting throughout the whole house. Beautiful under counter lighting, gorgeous backsplash, built-in stainless steel appliances in the kitchen, finished garage. $20000 updates in 2018 include designer lights and flooring, etc. NOTE: HOME IS TENANT OCCUPIED! LEASE RATE $2600, lease ends May 2021. Seller is related to listing broker.

SEE MORE

MARKET HIGHLIGHTS

  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 75035

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 75035

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262614

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Judy Rucker Elementary School Primary Regular 781 47 8
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Judy Rucker Elementary School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 47
8
GreatSchools Rating

Reynolds Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 68
8
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$413,910$505,890$459,900

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$1,697
Property Tax -$912
Property Insurance -$217
HOA -$72
Property Management Fees -$99
CASH FLOW
-$366

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$459,900

PROJECTED PRICE

$2,630

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,032

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,630

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,658

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,6003$2,6304$2,6505$2,995
$2,995
RENT COMPS ANALYSIS
  • 14166 El Toro Road Frisco, TX 3
    • 4 beds 4 baths ∙ 3,282 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,282 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $0.80
    •  
  • 14054 El Toro Road Frisco, TX 1
    • 4 beds 3 baths ∙ 3,248 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,248 Sqft ∙ Built 2016
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.74
    •  
  • 11475 Beeville Drive Frisco, TX 2
    • 5 beds 3 baths ∙ 3,276 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,276 Sqft ∙ Built 2006
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.79
    •  
  • 13184 Boaz Drive Frisco, TX 4
    • 5 beds 4 baths ∙ 3,261 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,261 Sqft ∙ Built 2015
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.81
    •  
  • 13660 Diamond Grove Lane Frisco, TX 5
    • 5 beds 4 baths ∙ 3,336 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,336 Sqft ∙ Built 2016
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.90
    •  
PROPERTY LISTING DETAILS
Bill Yu
Apollo Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14468378
Last Updated: 11/12/2020
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